Article: “Baghdad (IraqiNews.com) Iraq and the United States signed Thursday the guarantee for a US$1 billion loan to Iraq.”
Quote: “…undersecretary of Iraq’s finance ministry, Fadel Nabi, said the move “represents an initial step towards accessing world capital markets on a greater scale after legal requirements had been fulfilled and specific policies taken into consideration.”
THIS IS TO ACCESS WORLD CAPITAL MARKETS…
DEFINE WORLD CAPITAL MARKETS>>>
The trading floor of the New York Stock Exchange, one of the largest secondary capital markets in the world.
A capital market is a financial market in which long-term debt or equity-backed securities are bought and sold.
Capital markets are defined as markets in which money is provided for periods longer than a year.